Just when you thought it couldn't get any worse...

[Bailey Guns]

...along comes the federal mid-year budget review.

$1,470,000,000,000.00 deficit for next year. Someone explain to me how we're going to pay this much debt.

http://www.nationalreview.com/excheq...-expected-type

If we don't stop this now, it's not going to matter for much longer.

[DOC]

We could tax bad ideas. That should help. That is more money then I'm ever going to see in my life and I know I shouldn't be put in charge of it because I wouldn't spend it. I don't know how they do it in washington but if they don't feel its wrong then we are all screwed.

[4gunfun]

1.5 trillion, but that's before that is before the the new health care plan is put in place. That is suppose to reduce the deficit big time

[SNAFU]

Print more money,bail out more bankrupt buisnesses,import more illegals to take our jobs away.
Ship more work overseas to sweat shops.

Things should have been done before it hit 1 trillion.
Now I think it is too late.

Oh how much intrest is added on this per day?

[Bailey Guns]

Oh how much intrest is added on this per day?

I think in the financial industry they call that amount of interest a "shit load".

It looks like about 1.2 billion per day is paid towards interest. That's just from a quick search. I don't know how accurate that figure is. I don't know that it really matters now.

[Anton]

From: http://www.gao.gov/financial/fy2007/07frusg.pdf

Which of course predates Obama's spending sprees, so things are a lot worse than could have been imagined at the time...

[Byte Stryke]

I have a great Idea!
Lets INCREASE the taxes on the guys with NO MONEY!